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#1026
San Diego

High Volume Mexican Food with beer and wine in beach area

$195,000
Sold
High Volume Mexican Food with beer and wine in beach area
This Listing is Sold
SellingRestaurants says if you're looking for value in the PB area look no further. This restaurant is turn key for current Mexican food concept and is just blocks from the shores of the Pacific Ocean. Minutes from Garnet Ave the location is close enough to capture business from the ultra popular strip yet has plenty of parking and patio dining to enjoy a great meal and a cold beer. This stand alone Mexican food shop serves outstanding food with large portions in one of the premier locations in San Diego. There are two sets of patio dining areas offering plenty of opportunity to soak up the California sun. Rent at only $3,000/month is a bargain in this area. The decor is authentic Mexican creating fun atmosphere for all. Currently open 10am-8pm the location could substantially increase their sales by extending their hours. Ideal for a breakfast cafe and late night Mexican food both, this place could be a gold mine with longer hours and the right owner/operator in place. Please click on one of the orange buttons below for more pictures and information. This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker Rob Tade DRE License #01339409

Lease

Region:
San Diego
Lease Term:
Expires May 1st 2012 plus five year option
Total Monthly Rent:
$3,000
Security Deposit:
$2,000

Financials

Last Year's Annual Gross:
$360,000
Last Year's Owner's Cash Flow:
$60,326
Last Year's Food Cost %:
37.2
Last Year's Payroll Cost %:
22.5
Last Year's Rent %:
10.0

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Part-Time Employees:
4
# of Family Employees:
2
Hours Open:
10:00-8:00 daily
Year Established:
1998
Hood System Type 1:
Yes

Facilities

Indoor Seating:
30
Outdoor Seating:
48
# of Parking Spots:
20
Inside Sq. Ft.:
1400
Outside Sq. Ft.:
1600

Highlights

  • Beach Location
  • Patio dining
  • Low rent; long lease
  • Easy access parking
  • Beer and Wine license
  • Fun atmosphere

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 48,464 126,178 279,271
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 23,349 54,637 122,295
2010 Persons Per Household 1.93 2.17 2.16
Median House Value $717,300 $566,380 $550,270
Income Per Household $64,478 $63,381 $62,505
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,552 4,206 9,654
2012 Number Of Employees 38,288 109,858 270,036
2012 Total Annual Payroll $597,135,000 $1,989,184,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.

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